SiNtx Technologies Inc (SINT)

[CL101]

Hi bulls,

A quick post regarding the "POS AM" filing on Friday,

2 purposes:

1. disclose a quick snap shot of fully diluted shares (which is around 6 mils, including the 10% COC incentive)

2. getting ready...register the warrants with SEC first via amendments to get warrants conversion to common shares. Load ammo & ready for the M&A announcement...then warrants conversion will take place. They only need like 90 days (or even less) fund to operate from M&A announcement to the closing of the deal. Since, they only filed the amendment to the 1 mil plus shares @ $12 exercise price, looks like they don't need much money...or else they would have filed the amendments for all the warrants. Moreover, Zimmer can always include Sonny LLC Loan in the deal.

"Assuming that all Series E Warrants are exercised for 1,054,167 shares on a cash basis, we will receive gross proceeds of approximately $12.7 million and net proceeds, after deducting estimated offering expenses, of approximately $12.6 million. We will use the net proceeds of this offering for general corporate purposes and for working capital. No assurance can be given as to the number of warrants, if any, that will be exercised."

Sounds like they are very firm w/ the exercise price (together w/ the total amount of proceed) ... the only variable is the amount of shares to get converted.

The bucket to hold the fully diluted shares (around 6 mils) won't change on the conversion of warrants to common shares. The BEARs will try to throw FUD to steal shares, regardless. DON'T FEED THE BEARs!

The original clause from the warrants agency agreement:

"Subject to limited exceptions, a holder of warrants will not have the right to exercise any portion of its warrants if the holder (together with such holder’s affiliates, and any persons acting as a group together with such holder or any of such holder’s affiliates) would beneficially own a number of shares of common stock in excess of 4.99% (or, at the election of the holder, 9.99%) of the shares of our common stock then outstanding after giving effect to such exercise (the “Beneficial Ownership Limitation”); provided, however, that upon notice to the Company, the holder may increase or decrease the Beneficial Ownership Limitation, provided that in no event shall the Beneficial Ownership Limitation exceed 9.99% and any increase in the Beneficial Ownership Limitation will not be effective until 61 days following notice of such increase from the holder to us."

https://www.sec.gov/Archives/edgar/data/1269026/000149315216011423/ex10-1.htm

4.99% is around 150K shares:

a. if $3 exercise price X 150K shares = $450K - 85K fee (Page II-1 in the "POS AM" filing) = NET proceed is around $365K ... how long this amount will last??? why bother!

b. if $3.50 exercise price (current market value) X 150K shares = $525 - 85K fee = NET proceed is around $440K...same like above...how long this amount will last??? doesn't make sense!

c. if $4.00 exercise price (the BEARs start to crap in their pants) X 150K = $600K - 85K fee = NET proceed is around $525K...doesn't make sense as well....this funds won't last long.

d. if $5.04 (Sonny LLC warrants price) X 150K = $756K only...still don't make sense too...unless the exercise is higher or at the full exercise price of $12.

&

Check this link out:

https://employees.ldr.com/LDRTeam/Spotlighton/ArtMID/2738/ArticleID/3283/Amedica-signs-additional-OEM-letter-of-intent-supply-agreement-5-things-to-know

*** See how close AMDA to ZIMMER = on the same page ... someone from LDR knew something? ***

I will look for examples on my list tomorrow. Just came back from a skiing trip...very tired...need some sleep.